Fundings & Exits
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Indian online lending platform Capital Float picks up $25M Series B
Capital Float, an online lending platform for small businesses in India, announced today that it has closed a $25 million Series B. Birch gets your credit card rewards in order
Credit card reward programs can be confusing, and each can be totally different from the next. So managing all your points and rewards can quickly become a headache. Enter Birch, a service that helps users manage their rewards programs and points across multiple credit cards and accounts. Birch plugs into a bank account, looks at a user’s spending habits and recommends what kinds of… Read More
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Rancher Labs raises $20M Series B round for its container management platform
Rancher Labs, a container management platform that supports both Kubernetes and Docker Swarm, today announced that it has raised a $20 million Series B round. This new funding round was led by new investor GRC SinoGreen, a Chinese private equity and venture capital fund, with participation from existing investors Mayfield and Nexus Venture Partners. This round brings the company’s… Read More
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Nearpod raises $9.2 million to help teachers use tech for live instruction
If Nearpod CEO Guido Kovalskys has his way, overhead projectors and PowerPoint presentations will never bore students again. Instead, he wants to see cutting-edge technologies and interactive content become standard tools of the teaching trade. To that end, Nearpod has raised $9.2 million in Series A funding led by Reach Capital to help teachers use mobile tech for live instruction, rather… Read More
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Pivotal confirms Series C round is actually over $650 million
Pivotal filed a Form D last week with the SEC, indicating that last week’s $253 million round was actually closer to $653 million. Where did the extra money come from? Well, existing investors EMC converted $400 million in debt to equity to account for the additional money recorded in the SEC form, according to a Pivotal spokesperson. It’s actually quite interesting that EMC, which… Read More
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CoreOS raises $28M Series B round led by GV
CoreOS, the company behind the container-centric CoreOS Linux distribution and Tectonic container management service, today announced that it has raised a $28 million Series B round led by GV, the fund formerly known as Google Ventures. Other investors include Accel, Fuel Capital, Kleiner Perkins Caufield & Byers (KPCB) and the Y Combinator Continuity Fund. In total, the company has… Read More
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Sean Parker’s Airtime acquires WebRTC video chat wizards vLine
It takes some serious engineering magic to build low-latency group mobile video chat and simultaneous content viewing. That’s why Sean Parker’s recently relaunched video chat room app Airtime acquired vLine, which offered video chat infrastructure to SaaS companies. Founded in 2010, vLine was backed with $1.5 million from Kleiner Perkins and Harrison Metal. vLine’s team will… Read More
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eBay acquires AI-powered big data processor Expertmaker
eBay announced today that it is acquiring Expertmaker, a Swedish company that specializes in analysis of big data with a machine-learning twist. How consolidations will play out in the transportation, food and entertainment industries
There has been no shortage of thoughtful articles exploring a bubble in technology. I would argue that the world has already been transformed, and there is no bubble in the purest sense. Instead of massive flameouts that leave everyone burned, I think we are going to see a wave of beneficial consolidation and rationalization in industries that appropriately have seen exceptional venture… Read More
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LiveNinja secures a further $2M to combine live web chat and messaging
With the rise and rise of messaging (I have at least six messaging apps on my phone and counting), tech companies are piling into the space. Many are trying to shoe-horn ‘chat bots’ into behaving like they are capable of customer service. Facebook Messenger, Kik, Twitter, Skype, Telegram, and WhatsApp have all announced such services. But as others have pointed out, we are nowhere… Read More
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